China denounced as protectionist new U.S. anti-dumping duties and vowed to protect the interests of its industry a week before President Barack Obama heads for talks in Beijing and Shanghai.
The United States has set preliminary anti-dumping duties ranging from 36.53 percent to 99.14 percent on Chinese-made steel pipe used in wells to extract oil from the earth, a source familiar with the situation said on Thursday.
The United States said on Tuesday it set preliminary duties ranging from 2 percent to 438 percent on hundreds of millions of dollars of imported steel wire decking from China to offset government subsidies.
Stocks tumbled Friday, giving back all of the gains from the prior session, as worries about the recovery escalated after a pair of reports on the consumer and as the dollar rallied. The Dow shed 250 points, or 2.5 percent, but finished flat for the month.
Stocks tumbled Friday, giving back all of the gains from the prior session, as worries about the recovery escalated after a pair of reports on the consumer.
Futures indicated a lower open for Wall Street on Friday, the last trading day of October, after the Dow experienced its best day in 3 months Thursday after GDP data showed the world's biggest economy exited recession in the third quarter.
Stocks rallied Thursday, rebounding off of the prior session's rout, after reports showed the economy grew more than expected last quarter and jobless claims fell. The Dow jumped more than 2 percent—its best day since July.
Stocks rallied Thursday, rebounding off of the prior session's rout, after reports showed the economy grew more than expected last quarter and jobless claims fell.
Stocks rallied Thursday, rebounding off of the prior session's rout, after reports showed the economy grew more than expected last quarter and jobless claims fell.
China has told the United States it is launching a trade investigation that could lead to new import duties on autos and sports utility vehicles made by Chrysler, Ford and General Motors.
Shares of menswear manufacturer Dayang Trands soar in Shanghai after a state-run Chinese newspaper relays Warren Buffett's enthusiastic praise of the company and its business suits.... Read More